A Scottish FA tribunal considered the ultimate sanction for Rangers after they were found guilty of breaching six of the governing body's rules last month claiming that "only match-fixing might be a more serious breach". Meanwhile, the efforts to take over the financially stricken club took another twist on Friday with the rejection of a third bid from the Blue Knights consortium while another UK group, fronted by former Sheffield United chief executive Charles Green, are said to be now in pole position.

Veteran Motherwell and Northern Ireland defender Stephen Craigan has announced his retirement from professional football and now intends to focus on a ew career in the media after 18 years with the Lanarkshire club

American businessman Bill Miller has pulled out of his bid to buy Rangers citing fan hostility and overly optimistic financial information, but administrators Duff and Phelps insist there are three more bidders interested in buying the stricken club

Ally McCoist has admited that liquidation looks more likely for Rangers Football Club. Meanwhile, Celtic's manager Neil Lennon refuted suggestions this season's SPL title might be tainted. All these reactions came after Celtic trashed Rangers 3-0 in the last Old Firm derby of the season.

The Scottish Football Association has issued a statement after threats were made against Judicial Panel members and SFA directors. The alarm was raised after the names of panel members involved in Monday’s decision to issue Rangers with a £160,000 fine and a 12-month transfer ban were published on social media forums, prompting fears for their safety and security. The matter has now been passed into the hands of Strathclyde Police who are taking the threats seriously.

Scottish club Rangers are on the brink of extinction this morning after a Scottish Football Association hearing into the club’s affairs imposed a 12-month embargo on the signing of new players and handed a lifetime ban to owner Craig Whyte. The Ibrox club, who are already in administrationhave also been fined a total of £160,000 while Whyte, who had already been deemed unfit to hold an official position in the game by the SFA, was handed fines totalling £200,000.